Aer Lingus Board Rejects IAG Bid

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The board of directors of Irish carrier Aer Lingus has rejected a takeover bid by British Airways parent International Consolidated Airlines Group.

Banks Find Niche Helping Firms Defend Against Activists

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Shareholder activism is proving to be big business for Wall Street, providing banks with opportunities to cozy up to coveted corporate clients and position themselves to reap hefty fees.

ConAgra's Profit Plunges on Private-Label Write-Down

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ConAgra Foods said its profit plunged in its November quarter as the company took a large write-down on its struggling private-label segment.

Xavier Niel to Buy Orange Switzerland

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France’s Xavier Niel has agreed to buy Orange Switzerland from Apax Partners in a deal worth $2.8 billion, as the French technology entrepreneur continues to expand his telecom assets across Europe.

Fed Sets Stage for Rate Hikes

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The Federal Reserve took a delicate step toward raising short-term interest rates in 2015, but at the same time exposed its skittishness about signaling a historic move away from easy-money policies.

Russian Controls Would Risk Capital Chaos

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Heard on the Street: The ruble’s slide has sparked talk of Moscow introducing capital controls—which could worsen the crisis.

SAS Cuts Costs as It Swings to Loss

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Scandinavian airline SAS swung to a fiscal fourth-quarter net loss, scrapped its dividend and launched another cost-cutting program to offset falling fares amid cutthroat competition from low-cost rivals.

NYSE Plan Would Revamp Trading

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The owner of the New York Stock Exchange is pushing a major overhaul of the U.S. stock market aimed at helping exchanges reclaim their role at the center of trading.

Barrick to Suspend Operations at Zambia Copper Mine

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Barrick Gold said it would suspend operations at a copper mine in Zambia and record an impairment charge after the country passed legislation to more than triple the royalty rate on open-pit mining operations.

KKR Shale Investment Stumbles

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KKR’s deal for energy company Samson Investment offers a cautionary tale of the U.S. shale boom, with the investment deep in the red.

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